Smarten Power Systems IPO Allotment Status

How to Check Smarten Power Systems IPO Allotment Status?

Smarten Power Systems Limited, incorporated in 2014, designs and assembles power backup and solar products, including Home UPS systems, solar inverters, power conditioning units, and charge controllers, and trades solar panels and batteries, operating in 23 states and two union territories in India with a global presence in 17 countries, including the Middle East, Africa, and South Asia, assembling and trading products under the SMARTEN brand with a portfolio of 372 SKUs across six categories including home UPS systems, solar inverters, PCUs, charge controllers, solar panels, and batteries through a network of 382 distributors and 52 service centers for after-sales support, employing 252 department employees as of May 31, 2025.

The Smarten Power Systems IPO comes with a total issue size of ₹50.00 crore, comprising a combination of fresh issue of 40.01 lakh shares aggregating to ₹40.01 crores and offer for sale of 10.00 lakh shares aggregating to ₹10.00 crores. The IPO opened on July 7, 2025, and closed on July 9, 2025. The allotment for the Smarten Power Systems IPO is expected to be finalized on Thursday, July 10, 2025. The Smarten Power Systems share price is set at ₹100 per share (fixed price).

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Steps to Check Smarten Power Systems IPO Allotment Status on Registrar Site

• Visit the Maashitla Securities Private Limited website 
• Select "Smarten Power Systems IPO" from the dropdown menu on the allotment status page
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field
• Complete the captcha verification process and click on the "Submit" button to view your allotment status

Steps to Check Smarten Power Systems IPO Allotment Status on NSE SME

• Navigate to the NSE IPO Allotment Status Page
• Choose "Smarten Power Systems IPO" from the list of active IPOs in the dropdown menu
• Input your Application Number and PAN ID in the required fields
• Verify the captcha and click "Search" to check your allotment status

Smarten Power Systems IPO Subscription Status

Smarten Power Systems IPO received moderate investor interest, being subscribed 5.51 times overall. The subscription showed decent confidence across categories in the Smarten Power Systems stock price potential. Here is a category-wise breakdown of the subscription as of 5:09:59 PM on July 9, 2025:

• Retail Category: 4.66 times
• Non-Institutional Investors (NII): 6.31 times
• QIB Category: No QIB allocation for this fixed price IPO
   

Smarten Power Systems Share Price and Investment Details

The Smarten Power Systems stock price is set at ₹100 per share (fixed price) with a minimum lot size of 1,200 shares. The minimum investment required for retail investors is ₹2,40,000 for 2 lots (2,400 shares), while HNI investors need to invest a minimum of ₹3,60,000 for 3 lots (3,600 shares). Given the moderate subscription response of 5.51 times overall, with retail category subscribed 4.66 times and NII category subscribed 6.31 times, the Smarten Power Systems share price is expected to list with moderate premium.

Utilisation of IPO Proceeds
 

The funds raised through the IPO will be utilised as follows:

• Purchase of Movable Assets for Battery Manufacturing: ₹4.19 crore
• Working Capital Requirements: ₹22.00 crore
• Repayment of Outstanding Borrowings: ₹0.95 crore
• Capital Expenditure Requirements: ₹4.46 crore
• General Corporate Purposes: ₹4.70 crore

Business Overview

The company operates in power backup and solar products manufacturing having been in this business since 2014, designing and assembling Home UPS systems, solar inverters, power conditioning units, and charge controllers while trading solar panels and batteries. Smarten Power Systems operates primarily in the power backup and solar products sector, providing innovative product range including Home UPS Systems, Solar Inverters/Solar Power Conditioning Units (PCUs), Solar Charge Controllers, Solar Panels, and Inverter Batteries through experienced leadership and operational expertise, strong research and development capabilities, extensive distribution and after-sales service network, vendor relationships and supply chain efficiency, and technological advancements.